FEDERATED UTILITY FUND INC
NSAR-B, 1997-04-29
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<PAGE>      PAGE  1
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SIGNATURE   S. ELLIOT COHAN                              
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   001                                            
     <NAME>                     Federated Utility Fund, Inc.                   
                                Class A Shares                                 
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Feb-28-1997                                    
<PERIOD-END>                    Feb-28-1997                                    
<INVESTMENTS-AT-COST>           1,282,324,624                                  
<INVESTMENTS-AT-VALUE>          1,577,709,693                                  
<RECEIVABLES>                   32,338,749                                     
<ASSETS-OTHER>                  143,092                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,610,191,534                                  
<PAYABLE-FOR-SECURITIES>        21,095,255                                     
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       7,367,013                                      
<TOTAL-LIABILITIES>             28,462,268                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        1,250,026,832                                  
<SHARES-COMMON-STOCK>           57,239,756                                     
<SHARES-COMMON-PRIOR>           63,578,481                                     
<ACCUMULATED-NII-CURRENT>       3,263,663                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         33,194,878                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        295,243,893                                    
<NET-ASSETS>                    759,732,483                                    
<DIVIDEND-INCOME>               62,836,807                                     
<INTEREST-INCOME>               5,472,057                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  17,520,728                                     
<NET-INVESTMENT-INCOME>         50,788,136                                     
<REALIZED-GAINS-CURRENT>        78,584,029                                     
<APPREC-INCREASE-CURRENT>       76,927,979                                     
<NET-CHANGE-FROM-OPS>           206,300,144                                    
<EQUALIZATION>                  (349,136)                                      
<DISTRIBUTIONS-OF-INCOME>       30,916,720                                     
<DISTRIBUTIONS-OF-GAINS>        43,588,717                                     
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         3,938,897                                      
<NUMBER-OF-SHARES-REDEEMED>     15,487,709                                     
<SHARES-REINVESTED>             4,955,544                                      
<NET-CHANGE-IN-ASSETS>          612,528,729                                    
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       27,724,936                                     
<OVERDISTRIB-NII-PRIOR>         (54,265)                                       
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           10,761,268                                     
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 19,413,943                                     
<AVERAGE-NET-ASSETS>            1,395,371,521                                  
<PER-SHARE-NAV-BEGIN>           12.790                                         
<PER-SHARE-NII>                 0.520                                          
<PER-SHARE-GAIN-APPREC>         1.220                                          
<PER-SHARE-DIVIDEND>            0.520                                          
<PER-SHARE-DISTRIBUTIONS>       0.740                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             13.270                                         
<EXPENSE-RATIO>                 1.15                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   002                                            
     <NAME>                     Federated Utility Fund, Inc.                   
                                Class B Shares                                 
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Feb-28-1997                                    
<PERIOD-END>                    Feb-28-1997                                    
<INVESTMENTS-AT-COST>           1,282,324,624                                  
<INVESTMENTS-AT-VALUE>          1,577,709,693                                  
<RECEIVABLES>                   32,338,749                                     
<ASSETS-OTHER>                  143,092                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,610,191,534                                  
<PAYABLE-FOR-SECURITIES>        21,095,255                                     
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       7,367,013                                      
<TOTAL-LIABILITIES>             28,462,268                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        1,250,026,832                                  
<SHARES-COMMON-STOCK>           7,652,928                                      
<SHARES-COMMON-PRIOR>           6,704,820                                      
<ACCUMULATED-NII-CURRENT>       3,263,663                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         33,194,878                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        295,243,893                                    
<NET-ASSETS>                    101,618,747                                    
<DIVIDEND-INCOME>               62,836,807                                     
<INTEREST-INCOME>               5,472,057                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  17,520,728                                     
<NET-INVESTMENT-INCOME>         50,788,136                                     
<REALIZED-GAINS-CURRENT>        78,584,029                                     
<APPREC-INCREASE-CURRENT>       76,927,979                                     
<NET-CHANGE-FROM-OPS>           206,300,144                                    
<EQUALIZATION>                  (349,136)                                      
<DISTRIBUTIONS-OF-INCOME>       2,917,172                                      
<DISTRIBUTIONS-OF-GAINS>        5,277,792                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         2,075,501                                      
<NUMBER-OF-SHARES-REDEEMED>     1,666,470                                      
<SHARES-REINVESTED>             539,077                                        
<NET-CHANGE-IN-ASSETS>          612,528,729                                    
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       27,724,936                                     
<OVERDISTRIB-NII-PRIOR>         (54,265)                                       
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           10,761,268                                     
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 19,413,943                                     
<AVERAGE-NET-ASSETS>            1,395,371,521                                  
<PER-SHARE-NAV-BEGIN>           12.770                                         
<PER-SHARE-NII>                 0.440                                          
<PER-SHARE-GAIN-APPREC>         1.210                                          
<PER-SHARE-DIVIDEND>            0.400                                          
<PER-SHARE-DISTRIBUTIONS>       0.740                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             13.280                                         
<EXPENSE-RATIO>                 1.90                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   003                                            
     <NAME>                     Federated Utility Fund, Inc.                   
                                Class C Shares                                 
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Feb-28-1997                                    
<PERIOD-END>                    Feb-28-1997                                    
<INVESTMENTS-AT-COST>           1,282,324,624                                  
<INVESTMENTS-AT-VALUE>          1,577,709,693                                  
<RECEIVABLES>                   32,338,749                                     
<ASSETS-OTHER>                  143,092                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,610,191,534                                  
<PAYABLE-FOR-SECURITIES>        21,095,255                                     
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       7,367,013                                      
<TOTAL-LIABILITIES>             28,462,268                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        1,250,026,832                                  
<SHARES-COMMON-STOCK>           4,383,183                                      
<SHARES-COMMON-PRIOR>           5,234,071                                      
<ACCUMULATED-NII-CURRENT>       3,263,663                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         33,194,878                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        295,243,893                                    
<NET-ASSETS>                    58,195,788                                     
<DIVIDEND-INCOME>               62,836,807                                     
<INTEREST-INCOME>               5,472,057                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  17,520,728                                     
<NET-INVESTMENT-INCOME>         50,788,136                                     
<REALIZED-GAINS-CURRENT>        78,584,029                                     
<APPREC-INCREASE-CURRENT>       76,927,979                                     
<NET-CHANGE-FROM-OPS>           206,300,144                                    
<EQUALIZATION>                  (349,136)                                      
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<DISTRIBUTIONS-OF-GAINS>        3,542,933                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         530,050                                        
<NUMBER-OF-SHARES-REDEEMED>     1,739,743                                      
<SHARES-REINVESTED>             358,805                                        
<NET-CHANGE-IN-ASSETS>          612,528,729                                    
<ACCUMULATED-NII-PRIOR>         0                                              
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<OVERDISTRIB-NII-PRIOR>         (54,265)                                       
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           10,761,268                                     
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 19,413,943                                     
<AVERAGE-NET-ASSETS>            1,395,371,521                                  
<PER-SHARE-NAV-BEGIN>           12.770                                         
<PER-SHARE-NII>                 0.420                                          
<PER-SHARE-GAIN-APPREC>         1.230                                          
<PER-SHARE-DIVIDEND>            0.400                                          
<PER-SHARE-DISTRIBUTIONS>       0.740                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             13.280                                         
<EXPENSE-RATIO>                 1.90                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   004                                            
     <NAME>                     Federated Utility Fund, Inc.                   
                                Class F Shares                                 
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Feb-28-1997                                    
<PERIOD-END>                    Feb-28-1997                                    
<INVESTMENTS-AT-COST>           1,282,324,624                                  
<INVESTMENTS-AT-VALUE>          1,577,709,693                                  
<RECEIVABLES>                   32,338,749                                     
<ASSETS-OTHER>                  143,092                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,610,191,534                                  
<PAYABLE-FOR-SECURITIES>        21,095,255                                     
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       7,367,013                                      
<TOTAL-LIABILITIES>             28,462,268                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        1,250,026,832                                  
<SHARES-COMMON-STOCK>           49,902,059                                     
<SHARES-COMMON-PRIOR>           0                                              
<ACCUMULATED-NII-CURRENT>       3,263,663                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         33,194,878                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        295,243,893                                    
<NET-ASSETS>                    662,182,248                                    
<DIVIDEND-INCOME>               62,836,807                                     
<INTEREST-INCOME>               5,472,057                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  17,520,728                                     
<NET-INVESTMENT-INCOME>         50,788,136                                     
<REALIZED-GAINS-CURRENT>        78,584,029                                     
<APPREC-INCREASE-CURRENT>       76,927,979                                     
<NET-CHANGE-FROM-OPS>           206,300,144                                    
<EQUALIZATION>                  (349,136)                                      
<DISTRIBUTIONS-OF-INCOME>       19,257,898                                     
<DISTRIBUTIONS-OF-GAINS>        18,303,689                                     
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         61,636,184                                     
<NUMBER-OF-SHARES-REDEEMED>     13,885,046                                     
<SHARES-REINVESTED>             2,150,921                                      
<NET-CHANGE-IN-ASSETS>          612,528,729                                    
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       27,724,936                                     
<OVERDISTRIB-NII-PRIOR>         (54,265)                                       
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           10,761,268                                     
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 19,413,943                                     
<AVERAGE-NET-ASSETS>            1,395,371,521                                  
<PER-SHARE-NAV-BEGIN>           12.370                                         
<PER-SHARE-NII>                 0.420                                          
<PER-SHARE-GAIN-APPREC>         1.200                                          
<PER-SHARE-DIVIDEND>            0.360                                          
<PER-SHARE-DISTRIBUTIONS>       0.360                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             13.270                                         
<EXPENSE-RATIO>                 1.12                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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